On behalf of Jay W. Moreland, P.A. | Mar 15, 2020 | Uncategorized
The average person living in Florida has $38,000 in debt, and for some, repaying a debt balance in a timely manner is difficult or impossible to do. At some point, debtors who are behind on a student loan or credit card balance may receive phone calls from their...
On behalf of Jay W. Moreland, P.A. | Feb 28, 2020 | Uncategorized
Florida residents who are experiencing financial difficulties are often unsure of how to improve their situation. One fear they could have involves retaining certain properties such as a home or a motor vehicle in a bankruptcy case. Understanding the bankruptcy...
On behalf of Jay W. Moreland, P.A. | Feb 15, 2020 | Uncategorized
Florida residents and others accumulated a total of $22.1 billion in credit card debt in December 2019. A survey of economists had expected that total to grow by $15 billion. The actual increase represented an annual growth rate of 6.3% for the month. However, credit...
On behalf of Jay W. Moreland, P.A. | Dec 27, 2019 | Uncategorized
Most Florida residents who wish to file a Chapter 7 bankruptcy must meet requirements laid down by the Bankruptcy Abuse Prevention and Consumer Protection Act. Veterans who wish to eliminate debt they took on while on active duty and borrowers who incurred most of...
On behalf of Jay W. Moreland, P.A. | Dec 27, 2019 | Uncategorized
Some former college students in Florida might wonder if their student loans can be discharged in bankruptcy. Unfortunately, the rules to qualify for discharging student loans are stringent, and few people are able to do so. The first step is qualifying for a Chapter 7...
On behalf of Jay W. Moreland, P.A. | Dec 27, 2019 | Uncategorized
Florida residents may be interested in learning about a Bankrate survey that reveals who in the United States is most likely to hold credit card debt. It was revealed that about 46% of adults in the United States with a net worth of $100,000 or more carry debt from...
On behalf of Jay W. Moreland, P.A. | Dec 20, 2019 | Uncategorized
When used properly, credit cards can be an effective way for a Florida resident to manage his or her finances. However, when used improperly, they can lead to debt that a person may not be able to repay. Individuals are encouraged to use a calendar or similar tool to...
On behalf of Jay W. Moreland, P.A. | Dec 20, 2019 | Uncategorized
It can be all too easy for people in Florida to run into problems paying their mortgage each month, especially when they are also struggling with other types of debt. In some cases, people may be able to negotiate a solution with the mortgage company. They may be able...
On behalf of Jay W. Moreland, P.A. | Dec 19, 2019 | Uncategorized
Which of the two common personal bankruptcy options a Florida resident applies for depends on their circumstances. Chapter 13 is often referred to as a reorganization and serves individuals who continue to earn a livable income but have incurred temporary financial...
